Quant (QNTUSD) May Head Towards $400.00 Resistance Level

Quant Price Forecast: April 22
The Quant (QNTUSD) may head toward the $400.00 resistance value. The price is struggling heavily not to fall and it could remain and continue to face the positive side of the bulls should intensify their effort and break up the $227.00 resistance level. The coin may likely be heading toward the $400.00 upper supply level. Thus, a turnaround and clear buy signal for the coin holders.

Key Levels:
Resistance Levels: $200.00, $200.10, $200.20
Support Levels: $119.00, $118.00, $117.00

QNTUSD Long-term Trend: Bearish (Daily chart)
From the chart above we can see the Quant price below the moving averages; this means that the coin is in a bearish market zone.

The bears’ pressure on the coin to the $109.35 support level during yesterday’s session has dropped the price of QNTUSD down below the supply trend levels in its recent price level.

Today, the price pulls back at a level of $111.03 which later increases to a $112.88 high level indicating the bulls’ gradual return to the market.

However, the currency pair could grow further if the bull traders managed to break up above the $227.00 level, maintaining further growth potential for the buy traders.

Next, the price of QNTUSD will rise further as shown by the stochastic indicator which is pointing up; this means that more upsides are certain and in that case, the bullish trend pattern may likely extend the coin price to the $400.00 upper resistance level in the days ahead in its long-term outlook.

QNTUSD Medium-term Trend: Bearish (4H chart)
The currency pair is showing a bearish sentiment in the medium-term view. The price actions can be seen below the moving averages, indicating a bearish trend.

The sustained bearish trend in the past few hours has sustained the coin price below the supply trend levels in its recent price level.

Now, QNTUSD’s price at the $112.31 resistance value, slightly below the two EMAs as the 4-hourly chart resumes today is an indication that buyers are gradually returning to the market.

Meanwhile, a further rise in the market price of the crypto is possible, if the buy traders can trigger their buying pressure and break up the $227.00 level. The price might possibly reach a $400.00 supply level in the coming days in its medium-term time frame.

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